Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (08/21/2012)
  • WASHINGTON (8/22/12)--President Barack Obama Monday again pressed Congress to pass legislation to help more Americans refinance their mortgages. After being asked about the prospects for more action from lawmakers to help create jobs and grow the economy, the president reiterated his call to help millions of responsible homeowners save hundreds of dollars each month. "We're going to be pushing Congress to see if they can pass a refinancing bill that puts $3,000 into the pockets of the average family who hasn't yet refinanced their mortgage. That's a big deal," the president told reporters. "That $3,000 can be used to strengthen the equity in that person's home, which would raise home values." The Obama administration's latest plan to help middle-class families refinance their homes would come with a cost of between $5 billion and $10 billion--paid for through a fee charged to the nation's largest banks (News Now Feb. 3). The Senate Banking Committee is considering three separate refinancing bills …


RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
1 hour ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
2 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
8 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
9 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
10 hours ago